LIQUID WASTE MANAGEMENT MARKET TO REACH USD 125.1 BILLION BY 2027 | CAGR 3.7% – FORENCIS RESEARCH

Global Liquid Waste Management Market: Key Highlights

• According to the new market research report “Liquid Waste ManagementMarket by Source (Industrial, Residential, Commercial), by Service (Collection, Transportation / Hauling, Disposal / Recycling), by End-Use (Automotive, Oil & Gas, Iron & Steel, Textile, Pharmaceuticals, Paper, Others)by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global liquid waste managementmarket is estimated to reach USD 125.1Billion by 2027 at a CAGR of around 3.7% during the review period.
• Liquid waste management is a process of managing and recycling the liquid waste generated from various industrial operations and residential waste
• Liquid waste management procedure begins with collection of appropriate facilities, manageing their logistics requirement, and then disposal or recycling pocess
• Use of liquid waste management helps to reduce greenhouse gases, helps to reduce the spread of diseases, and helps to protect environment form different types of pollution.

Global Liquid Waste Management Market: Key Market Dynamics

• Stringent government to manage wastewater has forced manufactures to treat and dispose of wastewater properly, which in turn to drive the growth of liquid waste management system
• Increasing number of water-borne diseases has increased the toxicity and safety concerns, this factor has anticipated to boost the demand for liquid waste management
• High cost and the resource-consumingprocess requires large funding, this may hinder the growth of the market during the forecasted period

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Global Liquid Waste Management Market: Regional Overview

• North America

North America is anticipated to dominate the growth in liquid waste management market during the forecasted period. This can beattributed to stringent environmental and disposal regulation in countries like U.S., Canada, and Mexico. For instance, the Environmental Protection Agency (EPA), has issued “Effluent Guidelines” for industrial discharge to surface water under the Clean Water Act (CWA). Additionally, increasing footfall in supermarkets, including commercial spaces, shopping malls, and hotels has anticipated to drive the market growth in the North America region. Moreover, ageing wastewater treatment infrastructure in the U.S. may boost the installation of new liquid waste management which in turn will drive the market growth during the assessment period.

• Asia-Pacific

The Asia-Pacific is expected to be thefastest-growing region in the liquid waste management market during the forecasted period owing to the increasing population in emerging economies such as India and China, and rising growth in the industrial sector. With the increasing need forwater in highly populous countries anticipated a need for liquid waste treatment and recycling to sufficient water requirement in future. According to the Asian Development Research Institute (ADRI), India’s average domestic water demand would increase from 85 liters per capita per day (lpcd) in 2000 to 125 lpcd in 2025. 

Global Liquid Waste Management Market: Key Players Overview

• SUEZ SA:

SUEZ SA is a French company engaged in smart and sustainable resource management systems. The company offers products such as water resource management, recovery & waste management, and resource management consulting for different industries and retail & service. SUEZ SA has a strong geographical presence across the globe. In July 2018, the company has made contracts in Africa for structuring projects providing access to drinking water and sanitation service for the fast-growing population in Egypt, Ouganda, and Nigeria.

• Veolia:

Veolia is a French company engaged in delivering operational solutions for different industries. The company operates through three businesssegments including water management, waste management, and energy service. Veolia offers its product to primary production, government, resource, manufacturing, leisure & tourism, construction & development, retail, healthcare & pharmaceuticals, and commercial buildings are sectors. In November 2018, Veolia, National de Recherche en Sciences et Technologies pour l’Environmental et l’Agriculture (IRSTEA), and Institute National de Recherche Agronomique (INRA) together collaborated for net five years in waste-water management for sustainable agriculture.

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